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John ChildsJW Childs Assocs, has rebranded as Prospect Hill Growth Partners following the Feb. 22 raid of a Florida massage parlor that netted its chairman/co-founder John Childs.
The 77-year-old Childs, who stepped down Feb. 27, has dismissed the charge of soliciting prostitution lodged against him as "totally false."
The raid was part of an investigation into human trafficking that resulted in similar charges against Robert Kraft, owner of the New England Patriots.
Prospect Hill will continue to operate under the leadership of Phil Damiano, Joe Fortunato, Mitchell Eisenberg and Lewis Gold, operating partners under JW Childs Assocs.
The Boston-area private equity firm has invested more than $2.5B in 35 portfolio companies.
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Eleanor McManus, who co-founded Washington strategic communications shop Trident GMG, has agreed to a buyout and is selling her equity stake to co-founders Josh Galper and Adam Goldberg.
